2015
Cairn v. India Cairn Energy PLC and Cairn UK Holdings Limited v. The Republic of India (PCA Case No. 2016-7)
India
United Kingdom
Interests in subsidiary Cairn UK Holdings Limited and 10 per cent shareholding in Cairn India Limited (CIL), one of the largest oil and gas exploration companies in India.
Claims arising out of a draft assessment order issued by the Indian Income Tax Department addressed to the claimant’s subsidiary, Cairn UK Holdings Limited, in respect of fiscal year 2006/7 in the amount of USD 1.6 billion plus any applicable interest and penalties; and the alleged prohibition for the claimant to sell its 10 per cent shareholding in Cairn India Limited.
Primary: B - Mining and quarrying
6 - Extraction of crude petroleum and natural gas
UNCITRAL
PCA (Permanent Court of Arbitration)
Lévy, L.
Alexandrov, S. A.
Thomas, J. C.
Decided in favour of investor
Award dated 21 December 2020
5584.39 mln USD
1232.82 mln USD
Fair and equitable treatment/Minimum standard of treatment, including denial of justice claims

Direct expropriation

Indirect expropriation

Transfer of funds
Fair and equitable treatment/Minimum standard of treatment, including denial of justice claims

Direct expropriation

Indirect expropriation

Transfer of funds
None
http://globalarbitrationreview.com/news/article/33619/a-tax-claim-against-modis-india/ (requires subscription)
http://globalarbitrationreview.com/news/article/33927/india-says-no-cairn-tax-arbitration/ (requires subscription)
http://www.iareporter.com/articles/tribunal-is-finalized-for-tax-related-bit-dispute-between-cairn-energy-plc-and-government-of-india/ (requires subscription)
http://www.cairnenergy.com/index.asp?pageid=27&newsid=471
http://www.cairnenergy.com/index.asp?pageid=27&newsid=478
http://www.cairnenergy.com/index.asp?pageid=27&newsid=480
http://articles.economictimes.indiatimes.com/2015-09-23/news/66822863_1_cairn-energy-cairn-india-arbitration-notice
http://articles.economictimes.indiatimes.com/2016-01-19/news/69900471_1_cairn-india-ltd-simon-thomson-cairn-energy
http://globalarbitrationreview.com/article/1144271/cairn-loses-bid-to-restrain-india-in-tax-dispute (requires subscription)
https://www.iareporter.com/articles/as-indias-key-jurisdictional-objections-come-into-view-in-tax-cases-tribunals-diverge-as-to-whether-they-should-be-addressed-on-a-preliminary-basis/ (requires subscription)
https://www.iareporter.com/articles/quasi-consolidation-of-billion-dollar-retroactive-tax-cases-is-nixed-arbitrators-also-rule-that-cairn-v-india-case-should-not-be-stayed-in-deference-to-vedanta-proceeding/ (requires subscription)
https://www.transnational-dispute-management.com/downloads/19805_Case_Report_Cairn_v_India_PO4_2017.pdf
https://www.iareporter.com/articles/analysis-in-now-public-award-bit-tribunal-finds-that-retroactive-change-to-tax-law-was-grossly-unfair-india-ordered-to-withdraw-tax-demand-and-compensate-for-forced-sale-of-invest/ (requires subscription)
https://globalarbitrationreview.com/cairn-wins-indian-tax-dispute (requires subscription)